Washington Trust Bancorp, Inc. Releases Inaugural Environmental, Social and Governance Report

Rhea-AI Summary

Washington Trust Bancorp (NASDAQ: WASH) announced its inaugural Environmental, Social and Governance (ESG) Report on March 15, 2022. The report outlines the Corporation's commitment to employee engagement, diversity, equity, inclusion, corporate governance, data privacy, community investment, and environmental responsibility. CEO Edward O. Handy III emphasized the goal to be a responsible corporate citizen and improve local communities. As of December 31, 2021, the company had $5.9 billion in assets, positioning itself as the oldest community bank in the U.S. and a significant financial services provider in the Northeast.

Positive

• Released inaugural ESG Report, emphasizing commitment to corporate responsibility.
• Focus on employee engagement, diversity, and community involvement.
• CEO's commitment to responsible growth and local community betterment.

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• None.

WESTERLY, R.I., March 15, 2022 /PRNewswire/ -- Today, Washington Trust Bancorp, Inc., (NASDAQ: WASH), released the Corporation's inaugural Environmental, Social and Governance ("ESG") Report, which presents the actions the Corporation is taking, in a transparent manner, to fulfill its obligations as an employer of choice and a responsible corporate citizen. The ESG Report highlights the Corporation's efforts in the following areas: employee engagement; diversity, equity and inclusion; corporate governance; data security and privacy; community involvement and investment; and environmental responsibility.

"Our goal is to be a good corporate citizen with an evolving, purposeful approach to all aspects of our operations," stated Edward O. Handy III, Washington Trust Chairman and Chief Executive Officer. "In an era where people are reassured by fast access to actionable information, we are committed to sharing our intentions, practices, and results as we strive to be a valuable contributor to the betterment of our local communities. Our Corporation's ethical standards include an absolute resolve to tend to the well-being of the people, institutions, and places where we do business as we achieve responsible growth."

ABOUT WASHINGTON TRUST BANCORP, INC.

Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $5.9 billion in assets as of December 31, 2021. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Corporation's common stock trades on NASDAQ under the symbol WASH. Investor information is available on the Corporation's web site at ir.washtrust.com.

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SOURCE Washington Trust Bancorp, Inc.

FAQ

What is the purpose of Washington Trust Bancorp's ESG Report?

The ESG Report outlines Washington Trust Bancorp's commitment to being a responsible corporate citizen, highlighting efforts in employee engagement, diversity, sustainability, and community investment.

When was Washington Trust Bancorp's ESG Report released?

The ESG Report was released on March 15, 2022.

What are the key areas highlighted in the ESG Report by Washington Trust Bancorp?

The report emphasizes employee engagement, diversity, equity, inclusion, corporate governance, data security, community involvement, and environmental responsibility.

What is the significance of Washington Trust Bancorp's assets?

As of December 31, 2021, Washington Trust Bancorp had $5.9 billion in assets, reinforcing its status as the oldest community bank in the nation and a major financial service provider in the Northeast.

Who is the CEO of Washington Trust Bancorp?

Edward O. Handy III is the Chairman and Chief Executive Officer of Washington Trust Bancorp.